THE VULCAN REPORT
Review of Emini NASDAQ 100 (US@NQ.1)
as of Friday, August 12, 2011 3:00 PM
60 MIN CHART THAT ENDS AT 3:00PM
Today's Price Action
Change -13.7500 (-0.63%) prices closed lower than they opened. with weak Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 38.14
Swing Vix: 37.78
The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of 10 period(s) ago. The Swing Vix is above 29. This is where it usually forms Resistance. The Swing Vix usually forms Resistance before the underlying security.
A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area.
*The last signal was a Over-Bought Sell 22 period(s) Ago.
The Swing Vix has just reached its highest value in the last 14 period(s). This is bullish.The Swing Vix has set a new 14-period high while the security price has not. This is a bullish divergence. Since the PulseScan leads the market 3-5 days out We will wait to see if an upside breakout occurs.
*Since the last Swing Vix signal, Emini NASDAQ 100's price has increased 1.36% , and has ranged from a high of 2,192.50 to a low of 2,133.75.
MOMENTUM
MARKET TREND - Currently the TREND is -The DownTrend is still entact with prices holding below trendline resistance at- 2,183.63.
TREND STRENGTH - ,,BULLISH MOMENTUM,
TRENDLINE RETRACEMENT
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. - 2,183.63
Today's Sell off pushed prices on the close below the long term trendline support - This is Bearish as the market is now under heavy Distribution.
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 2,200.89
Today's Sell off pushed prices on the close below the long term trendline support - This is Bearish as the market is now under heavy Distribution.
INTRADAY PRICE PROJECTIONS
RESISTANCE 2,193.20 - 2,199.33 - GO LONG here 2,199.33
SUPPORT 2,172.30 - 2,161.33 - place stoploss here2,161.33
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 2,195.67 GO LONG here
PulseWave BreakOut SUPPORT - 2,101.92 place stoploss here
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 2,817.75
Long term Trend Line resistance is currently at - 2,395.00
Long term Trend Line support is currently at - 2,183.63
VOLATILITY
On 8/12/2011 3:00 PM, Emini NASDAQ 100 closed
below the upper band by 24.0%.